t of
$2,511,132.98, the special objects of which will be seen by reference
to the report of the Secretary of War. The anticipated means of the
Treasury are greatly inadequate to this demand. The receipts from
customs for the last three quarters of the last year and first quarter
of the present year amounted to $12,100,000; the receipts for lands
for the same time to $2,742,450, shewing an average revenue from both
sources of $1,236,870 per month.
A gradual expansion of trade, growing out of a restoration of
confidence, together with a reduction in the expenses of collecting and
punctuality on the part of collecting officers, may cause an addition
to the monthly receipts from the customs. They are estimated for the
residue of the year from the 4th of March at $12,000,000. The receipts
from the public lands for the same time are estimated at $2,500,000, and
from miscellaneous sources at $170,000, making an aggregate of available
fund within the year of $15,315,000, which will leave a probable deficit
of $11,406,132.98. To meet this some temporary provision is necessary
until the amount can be absorbed by the excess of revenues which are
anticipated to accrue at no distant day.
There will fall due within the next three months Treasury notes of
the issues of 1840, including interest, about $2,850,000. There is
chargeable in the same period for arrearages for taking the Sixth Census
$294,000, and the estimated expenditures for the current service are
about $8,100,000, making the aggregate demand upon the Treasury prior
to the 1st of September next about $11,340,000.
The ways and means in the Treasury and estimated to accrue within the
above-named period consist of about $694,000 of funds available on the
28th ultimo, an unissued balance of Treasury notes authorized by the act
of 1841 amounting to $1,955,000, and estimated receipts from all sources
of $3,800,000, making an aggregate of about $6,450,000, and leaving a
probable deficit on the 1st of September next of $4,845,000.
In order to supply the wants of the Government, an intelligent
constituency, in view of their best interests, will without hesitation
submit to all necessary burthens. But it is nevertheless important so to
impose them as to avoid defeating the just expectations of the country
growing out of preexisting laws. The act of the 2d of March, 1833,
commonly called the "compromise act," should not be altered except under
urgent necessities, which are n
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